And if the property you purchase is depreciable, you may end up sheltering additional income too.

I'm an investor interesting in Memphis TN.How is the market performing?

How is the market performing?

But the 320 unit and 296 unit apts I recently invested in are expected to perform much better in yield and IRR at this time in the RE cycle.  

Additionally, you'll also need to confirm the rents.  

There is work that needs done on the property, so we'd have to be creative with where we pulled additional money from.

Owning a lot of SFHs for cash means low levels of risk, but also lower levels of return, since cash locked into a home is only performing at the rate of return for that home, rather than leveraged for maximum return.

Stairs are additional.

Also, had a wholesaler tell me when I first started that he would buy a home and sell it to just make an additional 5-7k on it.

Be warned that most QI's are performing safe harbor reverses under rev proc 2000-37.